Are you sitting down? Seriously, you may want to take a seat.
According to statistics from the AFL-CIO, the average CEO earns 354 times the average employee. Yes, you read that right.
The nation’s largest federation of trade unions has been keeping track of this stat for years.
Perhaps it’s not such a shock after all. In 1982 the ratio was 42 to one compared to 201 to one in 1992, compared to 281 to one in 2002.
Now, we have to be honest with you. We’re not sure what exactly to do with this information. Could it be motivating to get to that next rung on the corporate ladder? Or does it just make you sit back into your chair with a sigh of despair?
Apparently, the average CEO’s salary is $12.3 million. (Is it any solace to say that’s before taxes?) As for the typical employee who doesn’t have supervisory roles, base compensation is $34,645. Unfortunately, yes of course, that represents pre-tax dollars as well.
According to a piece on AOL Jobs, low wage workers are hit the hardest during times of unemployment. Mainly because it’s harder to negotiate a higher salary when countless people would likely do your job for less pay.